09.05.202506:27 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement Ethereum Cryptocurrency, Friday May 09, 2025.

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If we look at the 4-hour chart of the Ethereum cryptocurrency, it appears that the price movement is moving above the WMA (30 Shift 2) which also has a slope that slopes upwards, which means that the momentum of the movement of the cryptocurrency is still in a strengthening condition, but from the Stochastic Oscillator indicator which is already in an Overbought condition and is preparing to cross SELL, it also gives an indication that in the near future #ETH has the potential to experience a weakening correction to the Bullish Fair Value Gap area level, approximately around 2005.49, but as long as the weakening does not break through and close below the 1960.98 level, #ETH will strengthen again to the 2367.45 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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